Oil price per barrel % Change Price of oil yesterday $87.38 +2.78% Price of oil 1 month ago $72.65 +23.62% Price of oil 1 year ago $69.31 +29.57%Will oil prices go up? Historical performance of oilWhen looking at how oil performs, two main benchmarks stand out:Brent crude oil is the main global oil benchmark. Check out our recent coverage:Frequently asked questionsHow is the current price of oil per barrel actually determined? How does U.S. shale oil production affect the current price of oil? The post Current price of oil as of August 4, 2026 appeared first on Fortune.